KCM (International) Limited Filleted accounts for Companies House (small and micro)

KCM (International) Limited Filleted accounts for Companies House (small and micro)

KCM (INTERNATIONAL) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07945449
KCM (International) Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2019
KCM (International) Limited
Statement of Financial Position
31 December 2019
2019
2018
Note
£
£
Current assets
Debtors
5
515
4,005
Cash at bank and in hand
1
43,628
----
--------
516
47,633
Creditors: amounts falling due within one year
6
1
47,118
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--------
Net current assets
515
515
----
----
Total assets less current liabilities
515
515
----
----
Net assets
515
515
----
----
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss account
( 1,485)
( 1,485)
-------
-------
Shareholders funds
515
515
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 April 2020 , and are signed on behalf of the board by:
Mr R J Warburton
Director
Company registration number: 07945449
KCM (International) Limited
Notes to the Financial Statements
Year ended 31 December 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, this is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts due for work done during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
25% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2018: 1 ).
5. Debtors
2019
2018
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
515
539
Other debtors
–
3,466
----
-------
515
4,005
----
-------
6. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
–
660
Amounts owed to related undertakings
–
44,687
Other creditors
1
1,771
----
--------
1
47,118
----
--------